The latest data showed that UPI handled an average of 757 million transactions per day in June, the highest-ever daily average recorded since the platform’s launch. The average daily transaction value was ₹96,405 crore.
On a month-on-month basis, UPI volumes and values saw a marginal moderation from May 2026 levels, when the platform processed 23.20 billion transactions worth ₹29.90 lakh crore. In April 2026, UPI transaction volumes had stood at 22.35 billion, while transaction value was ₹29.03 lakh crore.
Commenting on the trend, Reeju Datta, Co-founder, Cashfree Payments, said that while monthly transaction volumes dipped slightly compared to May, the record daily average indicates that UPI has become the default payment mode for low-value transactions across the country.
He noted that between February and June 2026, daily UPI transaction values remained largely stable in the ₹95,000 crore–₹97,000 crore range, even as transaction counts continued to grow. According to him, the average ticket size for UPI transactions has declined from ₹1,445 in June 2024 to ₹1,273 in June 2026, reflecting wider adoption for small-ticket everyday commerce.
Datta added that future growth in transaction values could come from products such as Credit on UPI and credit cards linked to UPI, which may increase higher-value transactions on the platform.
Meanwhile, Dilip Modi, Founder & CEO of Spice Money, said the June figures highlight the rapid expansion of India’s digital payments ecosystem over the past year.
According to Modi, UPI transaction volumes have increased by more than 4.3 billion transactions annually, while transaction values have grown by nearly ₹5 lakh crore, indicating rising trust in digital payments. He also pointed to stronger adoption in smaller towns and rural regions, where digital payments are increasingly supporting financial inclusion and broader participation in the formal economy.
